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For brokers below the rarefied air of the so-called bulge bracket, trading as efficiently as the Goldman Sachses and Morgan Stanleys of the world can be an uphill battle. Innovation is leveling the field of competition, specifically with a recently launched offering that’s meant to complement the OMS and EMS trading-desk mainstays. “The algorithmic management system is the next generation of technology that’s being built to empower the modern sell-side trader, and evolve their relationship with the modern buy-side trader,” said Joe Wald, chief executive officer of Clearpool Group.
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